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Question
Ewa, the owner of Face-2-Face Enterprises, is a sole proprietor. What are the chief characteristics, advantages, and disadvantages of this form of busiÂness organization? Ewa wants to obtain additional capital to expand Face-2-Face, but she does not want to lose control of the firm. As a sole proprieÂtor, what is her best option to attain these goals?Answer
This answer is hidden. It contains 1122 characters.
Related questions
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b. a right of first refusal.
c. a sufficient number of shares to exercise de facto control.
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Start-Up Corporation substantially complies with all conditions preceÂdent to incorpoÂration. Start-Up has
a. corporate existence by estoppel.
b. de facto existence.
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Like the bylaws of other corporations, the bylaws of Farmland Equipment, Inc.,
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A director must make a full disclosure of any potential conflict of interest that might arise in any corporate transaction.
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The first step in the incorporation process is to select a state in which to operate.
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An S corporation is treated the same as a regular corporation for tax purposes
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b. not partners, because the pay includes an hourly wage.
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d. partners in a partnership for two years.
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Kelly, the owner of Llama Farms, a sole proprietorship, wants to obtain additional busiÂness capital but to maintain control. This can best be acÂcomplished by
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b. bringing in partners.
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d. selling the business.
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b. unenforceÂable because it is not supported by consideration.
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d. "heft," "substance," or "weight" in the terms of the contract.
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A covenant not to compete in the sale of an ongoing business is unenforceable.
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If there is a statute that prohibits a certain action, a contract to do it is unenforceable.
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On May 1, Brand Name Industries, Inc. (BNI), sent Carol a letter, via overnight delivery, offering to employ her to audit BNI's financial stateÂments for the current year for $1,000. In the letter, BNI stated that Carol had ten days to accept. On May 5, Carol sent BNI a fax that stated, "The price for the audit seems too low. Would you consider paying $1,200?" BNI received the fax. The next day, Dan offered to conduct the audit for $800. On learning of Dan's offer, Carol immediately e-mailed BNI, agreeÂing to do the work for $1,000. BNI received this e-mail on May 7. Explain why BNI and Carol do, or do not, have a contract.
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d. nothing.
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c. sent.
d. written.
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b. made a counteroffer without rejecting the offer.
c. rejected the offer and made a counteroffer.
d. rejected the offer without making a counteroffer.
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Brick Products, Inc., files a suit against City Trucking Service for breach of contract, based on what Brick claims was City's offer. For a court to deÂtermine if a contract has been breached, under the common law, the offer must include terms that are
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b. reasonably definite.
c. unequivocally approximate.
d. vague or uncertain.
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a. assumptions.
b. beliefs.
c. unspoken opinions.
d. words and action.
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If an offeror does not expressly authorize a certain mode of acceptance, then acceptance may be made by any reasonable means.